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Jerry made the following contributions during 2010:

His synagogue (by check) $680
The Republican Party (by check) 180
The American Red Cross (by check) 150
His lodge for a holiday party ' " 100

In addition, Jerry donated used furniture to the Salvation Army costing $2,000 with a fair market value of $400. Assuming Jerry has adjusted gross income of $45,000, has the necessary written acknowledgments, and itemizes deductions. Complete the Gifts to Charity section of Schedule A, what is Jerry's deduction for 2010.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M959003

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